This Massage Center is a Northern California Limited Liability Company and has been in operation for the past 10 years under the current ownership. This massage business has two locations, and they are looking to sell this one location. While they offer standard massages such as couples traditional massage, foot massage, single traditional massage, and facials, the real benefit is the location of the business. A new owner does not need to keep the same business as this location, but in the vicinity there are a number of bars (one next door) and wine gardens, which would lend this location to potentially be a pizza restaurant or some other food establishment. Food alternatives in this location are limited. They are open 7 days a week from 10:00 am to 9:00 pm. This business does have a massage establishment permit.
Financial Information
$75,000
Asking Price
On request
Cash Flow
On request
Gross Revenue
$75,000
Down Payment
On request
Adjusted EBITDA
Business Location
City:
Northern California
State:California
Reason for Sale
The Seller is selling to pursue other interests.
Detailed information
Year Established:2006
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Part-Time Employees:N/A
Contractors:1
Owner Worked Hours/w:30
Inventory Included: No
Inventory Value:
N/A
Monthly Rent:
$1,800
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 2300
FF&E Included?: Yes
FF&E Value: $15,000
Training/Support
The Seller is willing to provide training at 10 hours per week for 2 weeks for the new Owner. Additional training can be made available on mutually agreed-upon terms between the Buyer and the Seller.
Facilities
This business operates out of 2,300 square feet with a base rent of $1,800 and CAM charges of $300. The current lease is month-to-month. There are 5 different rooms that are each furnished along with a separate bathroom and shower, office, kitchen and waiting area. There is also a 16x16 foot patio.
Market Outlook/Competition
North America leads the global massage therapy industry, capturing over 40% of the worldwide market share with a U.S. market value of approximately $18.9 Billion. Major industry drivers include rising self-care trends, corporate wellness integration, and high numbers of registered professionals.